Trading Edges That Last
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Lawrence's Comment Recap Gap higher tested the resistance zone as expected. Sold off from there giving us Y-0 and below. That opened the door to Y-1 as Y+1 became solid resistance. Sold ...READ MORELawrence's Comment Recap Rejected Y-1 early in the week provided fuel for Euro to challenge Y+1. Stopped at 100% absolute range expansion. Y-0 acted as support on pullback. Closed the week above ...READ MOREFor more information about this report please refer to the Market Bias Informant pageTrading day for Forex symbols start at around 5 pm ET depending on Daylight Saving Time scheduleREAD MORE3DP Odds Table (AUDUSD) 2021-07-05Dow 30 May 04 to May 08 OutlookDow 30 Sep 07 to Sep 11 OutlookIntraday Cycle Projection (AUDUSD) 2015-02-25EURUSD Dec 15 to Dec 19 OutlookNasdaq 100 Feb 27 to Mar 03 OutlookGBPUSD Oct 31 to Nov 04 OutlookAUDUSD Feb 18 to Feb 22 OutlookUSDJPY Dec 28 to Jan 01 OutlookPrecog Vision – Forex 2012-3-22
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AUDUSD Mar 10 to Mar 14 Outlook
Lawrence’s Comment
Aussie was the easy play last week. As Y-0 was breached, the down channel was broken giving us upside target of Y+1 and above. Aussie zoomed back up to Y+2. Closed the week above Y+1 and midpoint.
Outlook
Gold pushed further up giving Aussie the push necessary to break its downtrend. From here though Aussie needs to absorb the run up. Consolidation around Y+1 with 50% range is expected.
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